Notice of Person Ceasing (Section 139 Of CA 2016) - Maxis Communications Berhad ("MCB")

Back Feb 15, 2018

Particulars of Substantial Securities Holder

Address Level 39, Menara Maxis,
Kuala Lumpur City Centre
Kuala Lumpur
50088 Wilayah Persekutuan
Company No. 158400 V
Nationality/Country of incorporation Malaysia
Descriptions (Class)
Ordinary shares
Date of cessation 13 Feb 2018
Name & address of registered holder
BGSM Equity Holdings Sdn. Bhd. (BGSM Equity)
Level 39, Menara Maxis
Kuala Lumpur City Centre
50088 Kuala Lumpur
No of securities disposed 4,875,000,000
Circumstances by reason of which a person ceases to be a substantial shareholder
Refer to remarks below
Nature of interest
Indirect Interest
Date of notice 14 Feb 2018
Date notice received by Listed Issuer 15 Feb 2018


Remarks :
Ceased to be an indirect substantial shareholder of Maxis Berhad ("Maxis") following an internal corporate restructuring exercise undertaken by and involving the Binariang GSM Sdn. Bhd. ("BGSM") group of companies. 

The internal corporate restructuring exercise involves: 

(1) the subscription by our holding company, BGSM of 10,780,000,000 new ordinary shares ("OS") and new 16,170 redeemable preference shares ("RPS") in the share capital of BGSM Management Sdn. Bhd. ("BGSM Management"), pursuant to a Subscription Agreement dated 13 February 2018 entered into between BGSM and BGSM Management; and

(2) the disposal by MCB of 1,000,000 OS and 400 RPS in the share capital of BGSM Management to BGSM, pursuant to a Share Purchase Agreement dated 13 February 2018 entered into between MCB and BGSM. 

BGSM Management holds 100% equity interest in BGSM Equity, which in turn holds 4,875,000,000 ordinary shares in Maxis representing 62.42% of the total issued and paid-up share capital of Maxis.


Announcement Info

Stock Name MAXIS
Date Announced 15 Feb 2018
Category Notice of Person Ceasing To Be Substantial Shareholder Pursuant to Section 139 of CA 2016
Reference Number CS3-14022018-00003